CoStar Group (CSGP) Shares Soar 1.19% on Bullish Analysts
1min read CoStar Group (CSGP) shares surged 1.19% today, marking the second consecutive day of gains, with a total increase of 5.17% over the past two days. The stock price reached its highest level since May 2024, with an intraday gain of 3.47%.
Analysts have been bullish on costar group, with citigroup recently adjusting the company's price target to $91 from $86 while maintaining a Buy rating. The consensus recommendation from 17 brokerage firms is 2.1, indicating an "Outperform" status. The one-year average target price set by analysts is $85.36, suggesting a 6.16% upside from the current price.
CoStar Group's recent trading performance has also been noteworthy. On April 22, the company's shares increased by 3.34%, signaling strong investor interest. This positive momentum is supported by expectations of robust revenue and earnings growth. Analysts anticipate that CoStar's revenue will rise by 15.3% over the next 12 months, an improvement from its previous annualized growth rate of 12%. The expected quarterly earnings are $0.13 per share with revenue of $729.58 million.
Looking at the long-term financial performance, CoStar Group's stock has risen by 4.9% over the past three months. This upward trend is attributed to the company's strong business performance and positive market sentiment. The combination of analyst optimism, strong trading performance, and expected revenue growth has contributed to the current bullish outlook on CoStar Group's stock.
Ask Aime: What can I expect from CoStar Group's growth trajectory?
